South Korea's Kakao to launch own blockchain

Posted 27 March, 2018

South Korea-based internet corporation Kakao has officially stated that it is considering the creation of a blockchain division – Ground X.

The company held a press conference today. The Kakao spokesperson commented more detailed about the announced project. The new Kakao blockchain platform is said to be the open basis for the developers, the news media reported. For reference, the company runs the major messenger in Korea, Kakao Talk. According to the comments, the project may be launched within a year.

Moreover, the new division is likely to unite company's existing offerings and the new blockchain technology, commented Kakao CEO.

"Now at Kakao 3.0, we will continue to explore our growth potential by seamlessly integrating services among Kakao companies and actively building a presence in the global market," he said at the conference.

It is also interesting that there were rumors that the company intended also to launch its own coin Kakao Coin. However, by now  Joh Su-yong denied this information.

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28 March, 2018 10:44

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